Settings8H · net · $10k
Funding arb · Price arb /

JPM

RWAall JPM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.015%
Price spread now: BloFin against GRVT−0.022%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. BloFin is 0.022% cheaper against GRVT than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4.9 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT JPM_USDT_Perp352.120get 0.0000% / 8h2h 50m$5K$81K10x
ShortBloFin JPM-USDT352.040.0015get 0.0015% / 8h2h 50m$90K$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against GRVT. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$3.13
Price spread: −0.022% → 0.000%
−$2.17
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$20.04
Costs to cover
0.210%
Break-even
51.8 days
Slippage unknown: GRVT: no order-book sample; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT no order-book sample
Sell BloFin no order-book sample
GRVT and BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

JPM on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective JPM/USDC PERP−0.0220%1h348.46−1.038%$7K$45K12xas long as short
Aster JPMUSDT0.0000%8h352.11−0.002%$3K$43720xas long as short
Binance JPMUSDT0.0000%8h352.00−0.033%$933K$488K20xas long as short
Bybit JPMUSDT0.0000%8h352.20+0.024%$153K$1.1M25xas long as short
Gate JPM_USDT0.0000%8h352.05−0.019%$731K$223K25xas long as short
Bitget JPMUSDT0.0000%8h352.15+0.010%$205K$11K20xas long as short
Variational Omni JPM0.0000%8h351.92−0.055%$119K$7Kas long as short
GRVT JPM_USDT_Perplong0.0000%8h352.12long leg$5K$81K10x
SunX JPM-USDT0.0000%8h351.75−0.104%$1K$852K10xas long as short
HTX JPM-USDT0.0000%8h351.74−0.107%$7K$38K20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX JPM-USD+0.0003%1h351.93−0.053%$1.1M$2.6M10xas long as short
BloFin JPM-USDTshort+0.0015%8h352.04−0.022%$90K$27K20x
KuCoin JPMUSDTM+0.0100%8h352.05−0.019%$155K$909K20xas long as short
edgeX JPMUSDC+0.0473%4h351.92−0.054%$36K$172K10xas long as short